Cairo – Mubasher: The Egyptian Exchange initiated Thursday's trading session in the green zone, backed by Arab and national investors' buying activity. 

By 10:30am Cairo time, the benchmark index EGX30 inched down by 0.07% to 7,911 points.

The small and mid-cap index EGX70 rose by 0.5% to 350.5 points.

The broader index EGX100 and the equal-weighted index EGX50 increased by 0.4% and 0.20%, respectively.

Trading value reached EGP 28 million after 18.3 million shares were traded.

National and Arab investors were net buyers by EGP 763,000 and EGP 1.5 million, while foreign traders were net sellers by 1.22%.

The largest EGX30 constituent was the most active stock in terms of value after registering EGP 3.2 million for 66,600 shares changing hands.  

Beltone financial topped the gainers by EGP 1.22 million, while SAIB headed the losers with a 9.8% slide.

MubasherTrade Research said the EGX30 is likely to retest "the support 7,900 for the third time in the last couple of sessions, after the index failed to hold above the minor resistance 8,060; which points to pressure from the sell side."

Investors are recommended not to build new position unless a clear rebound takes place, the research agency said.